Abbey launches five-year fix at 3.99%

Abbey for Intermediaries is launching a five-year fixed rate mortgage with a rate of 3.99% and a £495 fee.

The product is available up to 75% LTV to both homebuyers and remortgagers.

Abbey is also introducing a flexi offset product with a rate of 2.95% (base +2.45%) and a £995 fee, which is also available up to 75% LTV to homebuyers and remortgagers.

Both products come with either the lender’s Homebuyer or Remortgage Solution – the former includes a free standard valuation and £250 cashback on completion, and the latter offers a free standard valuation and either free legals or £250 cashback on completion.

Miguel Sard, managing director at Abbey, says: “We are committed to supporting intermediaries and their clients with great products and we are delighted to be launching two market leading intermediary exclusives – our new flexi offset for borrowers looking for the flexibility of an offset deal, and a five-year fix for borrowers looking for a great longer-term rate.”